Stocks and Trading Thread - Channeling your inner Mono

[Ed Anger]

I dumped my gold when it last hit 1800/oz. I just couldn't take the bs anymore.

[Admiral Yi]

Just got an email about a magicJACK IPO. 

That company really needs to get a less greasy spokesman.

[Phillip V]

What day this week is the Zynga IPO?

[MadImmortalMan]

Thursday.

[MadImmortalMan]

And the fed says: nothing.


Crash

[MadImmortalMan]

Oh lord this is wonderful. About damn time I played a fed day right.

[Tamas]

Oh lord this is wonderful. About damn time I played a fed day right.

God damn I missed it! 
Shorted the DAX shortly before it's CFD's close, hoping to get a few bucks from the initial german reaction tomorrow morning, before the weekly "we are savered!" news hit the wires.

[Ed Anger]

This shit has gone beyond annoying.

Cramer this morning: THE EUROPEANS HAVE BLOWN IT! WARGARBLLLLLLLL

[MadImmortalMan]

Gold is crashtacular again this week. Even the September crash didn't break the long-term up trendline that began in 2008. This time it poked right through that floor. I have to believe it will find some support soon, but people trade charts--and this one looks like it's supposed to go up to touch the underside of that line at 1650 or so and then fall very hard. So I think I'll keep avoiding it for a while.

Edit: If this a great buying opportunity, I'll miss it. But I don't like the risk.

[Ed Anger]

That Richard Quest dude on CNN was also a bit panicky today.

I'M BUYING CANNED GOODS AND SHOTGUNS

[Admiral Yi]

That Richard Quest dude on CNN was also a bit panicky today.

I'M BUYING CANNED GOODS AND SHOTGUNS

He's a spaz.

[MadImmortalMan]

NEW YORK (MarketWatch) -- The Treasury Department sold $12 billion in 5-year Treasury Inflation Protected Securities on Thursday at a yield of negative 0.877%. Bidders offered to buy 3.01 times the amount of TIPS sold, the highest so-called bid-to-cover ratio since April 2010 and above the average of 2.6 times at the last four comparable auctions. Indirect bidders, a group that includes global central banks, bought 48.7%, the highest since October 2006 and versus an average of 37.1% of recent auctions. Direct bidders, a class that includes domestic money managers, purchased another 9.4% compared to 4.41% on average. After the auction, the broader bond market remained under slight pressure. Yields on 10-year notes, which move inversely to prices, rose 1 basis point to 1.92%, after earlier touching 1.86%, their lowest level since early October

We're sucking up all Europe's money.

[MadImmortalMan]

As for RIMM--It's a corpse.

RIMM missed earnings by a ton. It's dumping hard after hours.

[Caliga]

Good, I hate RIMM.  Fucking joke of a company.  "Co-CEOs"... get outta here.

[Tonitrus]

Good, I hate RIMM.  Fucking joke of a company.  "Co-CEOs"... get outta here.

Didn't the Romans try that?